Excuse me if I'm wrong, but won't VMware impliment virtual machines without VT-d?
VMware calls VT-d "VM DirectPath". It is an optional optimization.
In VT-d/AMD-Vi a virtual guest has a direct and dedicated access to a device. Network card is a typical device; VT-d should decrease the latency and CPU overhead of the network connection of the guest. The host naturally uses a different physical NIC.
I do admit that there is a "VT-d scenario" that could be fun at home. Dedicated graphics card. To run a game in a virtual guest with full graphics. But even at best it would be a bit slower than running on the host OS. Shame on "H67 does not support VT-d", Intel. Why deny us having IGP on host and Nvidia/AMD beast on guest?
VT-x/AMD-V is the base feature for virtualization. VT-x is in the 2600K. It is possible to run a virtual guest without them, like the VirtualBox link shows, but that limits your choice of implementation.
Compared to the HD3000/HD2000 split the VT-d/multiplier segmentation is rather logical.